Dr. Mwigulu Lameck Nchemba (MP), the Minister of Finance of Tanzania, visited the Tanzanian Embassy in Kampala, Uganda, following the conclusion of the 50th meeting of the East African Development Bank (EADB).
The visit provided a significant opportunity for Dr. Nchemba to engage with Tanzanian diplomats in Uganda, express appreciation for their hard work, and strengthen the economic ties between the two nations.
In his remarks during the visit, Dr. Nchemba commended Tanzanian Ambassador to Uganda, Major General Paul Simuli, and the entire Embassy staff for their exceptional work.
"I would like to extend my sincere gratitude to Ambassador Simuli and the dedicated staff of the Tanzanian Embassy for their tireless efforts in representing Tanzania in Uganda. Your work is integral to maintaining the strong ties between our two nations," said Dr. Nchemba.
The Minister also emphasized the vital role of economic diplomacy in today’s global landscape. He pointed out that Tanzania’s government recognizes the importance of continuing to strengthen diplomatic relations with Uganda, particularly in the area of trade and business development.
“The relationship between Tanzania and Uganda is one built on a deep and shared history. It is essential that we continue to build on this relationship by leveraging diplomatic channels to unlock the full potential for trade and investment,” Dr. Nchemba stated.
He highlighted that Tanzania and Uganda share more than just geographical proximity; they share a history of cooperation and mutual respect that has fostered collaboration across various sectors.
“Our nations have long been close allies, and it is this strong foundation that allows us to look forward to many more years of prosperous collaboration,” Dr. Nchemba remarked.
The visit underscored the critical role that both countries play within the East African region.
“As key members of the East African Community (EAC), Tanzania and Uganda have an even greater opportunity to collaborate on issues of economic development and regional integration,” said Dr. Nchemba.
He encouraged both nations to maximize the opportunities available to them in sectors such as agriculture, manufacturing, infrastructure, and regional trade.
"The potential for growth through trade between Tanzania and Uganda is immense. Our countries are positioned to significantly increase bilateral trade, and through economic diplomacy, we can create opportunities for our businesses to expand across borders," Dr. Nchemba emphasized.
He called on both governments to continue working together to create a conducive environment for business, including promoting joint ventures, partnerships, and cross-border collaborations.
Dr. Nchemba also noted the importance of government collaboration in advancing the economic agenda.
“This isn’t just about the efforts of the Ministry of Finance or the Embassy; it requires a collective approach. Government agencies, businesses, and other stakeholders must all play a role in strengthening our economic relationship with Uganda,” he explained.
Accompanying Dr. Nchemba on his visit were Dr. Charles Mwamwaja, the Commissioner for the Financial Sector Development Department at the Ministry of Finance, and other senior government officials.
"Having key officials present demonstrates the Tanzanian government's commitment to ensuring that our economic policies align with our broader goals of strengthening ties with Uganda," Dr. Nchemba stated.
Concluding his remarks, Dr. Nchemba expressed his belief that continued collaboration would yield substantial benefits for both countries.
“By working together, we can accelerate our economic growth, improve trade relations, and provide better opportunities for our people. Our cooperation is crucial for a prosperous East African region,” he said.
The visit served as a reminder of the significance of diplomacy in fostering long-term, mutually beneficial relationships.
"This visit is not only a token of appreciation but a reaffirmation of our commitment to building stronger ties with Uganda," Dr. Nchemba concluded.